Fixed Rate Period definition
Examples of Fixed Rate Period in a sentence
Interest accrued on the Notes during the Fixed Rate Period will be payable semi-annually in arrears on February 15 and August 15 of each year, commencing on August 15, 2026 (each such date, a "Fixed Rate Interest Payment Date").
The interest payable on any Fixed Rate Interest Payment Date during the Fixed Rate Period will be computed on the basis of a 360-day year consisting of twelve 30-day months.
Interest accrued on this Security during the Fixed Rate Period will be payable semi-annually in arrears on February 15 and August 15 of each year (each such date, a "Fixed Rate Interest Payment Date"), with the first such Fixed Rate Interest Payment Date being August 15, 2026, and the last such Fixed Rate Interest Payment Date being February 15, 2031, unless redeemed prior to such date.
The interest payable during the Fixed Rate Period will be paid to each Holder in whose name a Note is registered at the close of business on the fifteenth day (whether or not a Business Day) immediately preceding the applicable Fixed Rate Interest Payment Date (each such date, a "Fixed Rate Regular Record Date").
This Security will bear interest at an initial rate of 5.768% per annum from and including January 29, 2026, to, but excluding, February 15, 2031 (the "Fixed Rate Period"), unless redeemed prior to such date.